M&T Bank boosts quarterly dividend by 7 percent

BUFFALO, N.Y. — M&T Bank Corp. (NYSE: MTB) announced it has increased its quarterly cash dividend to 75 cents per share on its common stock.

That’s up 5 cents a share, or 7 percent, from the previous 70 cents per share that M&T paid quarterly since September 2007.

The new dividend will be payable on March 31 to shareholders of record at the close of business on March 6, the banking company said.

Buffalo–based M&T Bank operates branches in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia.

M&T ranks number one in deposit market share in the 16-county Central New York area.

Contact Rombel at arombel@cnybj.com